CIN tackles malaise in financial institutions

The Compliance Institute for Banks and other Financial Institutions in Nigeria, Ltd/Gtee CIN, has resolved to tackle the malaise of money laundering, funding of terrorism and other acts inimical to the country’s financial institutions.

President/Chairman, Board of CIN, Pattison Boleigha, who stated this during the institute’s first certification workshop in Lagos, said inculcating the culture of compliance is the only antidote to correcting the ills in the country.

Boleigha enthused that “As an initial starting point, we started from our catchment areas,which are financial institutions, but we actually intend to spread the compliance culture across all sectors of our environment.”

The CIN board chairman disclosed that the institute’s ultimate intention is to apply for a charter.

”If approved by the National Assembly, it will then make the institute become a national institution and by so doing, we will be able to manage the compliance professionals and set standards,” said Boleigha.